Underwater Mortgage

Understanding Why Your Lender is Against Foreclosure

Are you currently experiencing the onset of extreme financial hardship and perhaps thinking of tipping your hand and cashing it in when it comes to your home mortgage? Perhaps you should think again. Saving your home may be worth the fight because in all reality, your mortgage lender actually does not want to repossess your home.
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Foreclosure Timeline for Illinois Residents

There’s good news for Illinois homeowners: It appears that the percentage of foreclosures is on the decline and the forecast appears promising. According to The Illinois Foreclosure Listing Service, the number of listed foreclosures for the first quarter of 2014 have decreased by 39.17 percent.
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Sinking Home Value + Inability to Pay = Strategic Default? The Pros and Cons for Illinois Homeowners

According to an article published by the Chicago Tribune, Illinois homeowners plotting to strategically walk away from their homes is not an alarming new trend. For years, homeowners who have been feeling the sting of the housing market whims have often turned to an experienced Strategic Defense attorney to discuss Strategic Default of their mortgage as a method to relieve persistent debt concerns.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com